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New Grocery Store Promises Cheaper Prices Than Competitors
The grocery store Prís opened on August 17 in Kópavogur, reports RÚV. The store’s CEO promises lower prices than competitors across all product categories. “We have put an enormous amount of work into this in recent weeks and months to make this…
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Inflation To Affect Christmas Book Market
Inflation due to the current energy crisis in Europe will likely affect the prices for many consumer goods, including Christmas books, reports RÚV. [su_pullquote]Titans of Icelandic photography combine in this discount box in the Grapevine Store: signed copies of both Faces of…
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Housing Prices Continue Climbing, Supply Continues Falling
A new report from the Housing and Construction Authority shows that the average price for residential real estate in the greater Reykjavík area increased by 5 million ISK in the past two months alone. Overall housing prices are climbing, but availability is…
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Iceland With Largest Housing Price Increase In Europe
A new report from Eurostat details both rent and housing price increases in Europe from the first quarter of 2010 to the third quarter of 2021. Perhaps unsurprising to many local readers, Iceland has come out on top. [su_pullquote]Become a member of…
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Unions Approve New Agreement; Price Hikes Still In The Cards
The new collective agreement made between several unions and management has been approved by voting workers, but participation was in some cases lacking. A major food importer and manufacturer is still planning to move forward with price hikes, and retailers are nervous.…
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Major Icelandic Wholesaler Threatens To Raise Prices If Wage Rises Are Approved
With the signing of an agreement between labour leaders and management, many breathed a sigh of relief; the strikes will be over, and more importantly, the lowest paid workers will be getting a pay rise and other benefits. However, the fight isn’t…
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Reykjavik Among Top Three Cities With Fastest Housing Price Growth In 2017
Reykjavík is third on the list of cities where housing prices have increased the most within the last year, namely by 16.6%, The Guardian reports. According to research by property consultancy Knight Frank published by the British newspaper, only Berlin in Germany…
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Stronger Króna Hasn’t Made Things Cheaper
During the past year, the exchange rate index of the Icelandic króna has increased a whopping 25%, despite that prices of imported goods have not followed suit, reports RÚV. Much of products sold in the country have to be imported from abroad, which…
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Grocery Prices Go Up During Evenings And Weekends
Some locations of the 10/11 grocery store chain raise their prices during workday evenings, and all through the weekend. The chain’s director says this is done in response to increased demand. Vísir reports that the 10/11 stores located at Austurstræti, Laugavegur and…